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TMG - Telegraaf Media Groep NV News Story

€6 -0.1  -1.0%

Last Trade - 21/02/18

Sector
Consumer Cyclicals
Size
Micro Cap
Market Cap £n/a
Enterprise Value £n/a
Revenue £268.4m
Position in Universe th / 846

BRIEF-Telegraaf Media Groep enters into partnership with Ergon for Keesing Media Group

Tue 18th July, 2017 4:36pm
July 18 (Reuters) - TELEGRAAF MEDIA GROEP NV  TLGNc.AS : 
    * SHARES IN KEESING MEDIA GROUP WILL BE SOLD TO PARTNERSHIP WHICH WILL BE SET UP WITH ERGON 
CAPITAL PARTNERS III 
    * VALUATION OF 100% OF THE SHARES OF KEESING IMPLIED IN THE TRANSACTION IS EUR 150 MILLION 
(ENTERPRISE VALUE, DEBT AND CASH FREE) 
    * TMG WILL TAKE A 30% STAKE IN THE NEW PARTNERSHIP 
    * TRANSACTION IS EXPECTED TO BE COMPLETED WITHIN THE NEXT TWO MONTHS 
 
Source text: http://bit.ly/2uF6coT 
Further company coverage:  TLGNc.AS  
 
 (Gdynia Newsroom) 
 ((Gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))
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